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1134521

	registered interest
	date	25/06/2019
	answering body	Foreign and Commonwealth Office
	answering dept id	16
	answering dept short name	Foreign and Commonwealth Office
	answering dept sort name	Foreign and Commonwealth Office
	hansard heading	Libya: IRA
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Foreign and Commonwealth Affairs, if he will take steps to ensure that tax receipts derived from the interest on frozen Libyan assets held in UK banks are used to compensate the victims of Libyan state-sponsored violence committed by the IRA; and if he will make a statement.
	tabling member constituency	North Down
	tabling member printed	Lady Hermon
	uin	269002
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Foreign Secretary's appointment of a Special Representative on UK victims of Qadhafi-sponsored IRA terrorism shows that the Government is committed to supporting the victims of Libyan-sponsored IRA terrorism. The precise terms of reference of the Special Representative are being finalised, but among the issues Mr William Shawcross will advise on is the amount of compensation that should be sought. The Government believes that any compensation plan should reflect the Special Representative's advice on this matter.</p> answering member constituency South West Wiltshire answering member printed Dr Andrew Murrison question first answered 01/07/2019 16:46:51 answering member 1466 label Biography information for Dr Andrew Murrison
	tabling member	1437 label Biography information for Lady Hermon

1134518

	registered interest
	date	25/06/2019
	answering body	Foreign and Commonwealth Office
	answering dept id	16
	answering dept short name	Foreign and Commonwealth Office
	answering dept sort name	Foreign and Commonwealth Office
	hansard heading	Libya: Freezing of Assets
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Foreign and Commonwealth Affairs, when his Department first became aware that HM Treasury had received tax receipts derived from the interest on frozen Libyan assets held in UK banks; and if he will make a statement.
	tabling member constituency	North Down
	tabling member printed	Lady Hermon
	uin	269000
	answer	answer is ministerial correction date of answer 03/07/2019 answer text <p>It is the Government's long-standing policy that designated persons are not exempt from tax as a consequence of having their assets frozen. The Government's response of 24 June to the Northern Ireland Affairs Committee report (into Government support for UK victims of IRA attacks that used Qadhafi-supplied Semtex and weapons) set out the releasable information the Government has about tax receipts derived from the interest on frozen Libyan assets held in UK banks. The Government's response says:</p><p><em>&quot;As stated in the Office of Financial Sanctions Implementation's letter to the Committee of 23 April 2019, OFSI's responsibilities do not include tracking tax liabilities on frozen assets. HMRC, as the department responsible for safeguarding the flow of money to the Exchequer is responsible for any records of tax liability. HMRC has reconsidered how we can help the Committee within the legal constraints governing our ability to share information. We have concluded that we can use aggregated information to answer the Committee's questions, provided that information cannot be tied back to individual persons or companies as a result. HMRC receives payments of tax from a small proportion of the entities designated under the Libyan regime. Around £17 million has been received in total since the start of the 2016-17 tax year. HMRC currently receives around £5 million each year.&quot;</em></p> answering member constituency South West Wiltshire answering member printed Dr Andrew Murrison question first answered 03/07/2019 16:10:36 answering member 1466 label Biography information for Dr Andrew Murrison
	tabling member	1437 label Biography information for Lady Hermon